Excelsior Correspondent
JAMMU, Mar 4: J&K Bank today opened one more business unit at Marble Market Jammu amid large gathering of customers, senior citizens and local businessmen.
The Bank’s Vice President and Zonal Head Jammu (Central) Arvind Gupta dedicated the business unit to public in presence of Head business unit Sudesh Gupta.
Speaking on the occasion, Zonal Head said that the bank was committed to provide hassle free, easy and world class banking services to the people of State irrespective of their location and status.
Meanwhile, the Bank convened a District Level Review Committee (DLRC) meeting of Rajouri district, under the chairmanship of DDC Rajouri Deepti Uppal. The meeting was attended by ADDC Rajouri Veer Jee Hungloo, AGM RBI Rakesh Sharma, DDM NABARD Des Raj, and District Officers of Line Department and Bankers.
The bank’s Lead District Manager Anoop Bhat briefed the House about the achievement of banks under Annual Action Plan 2014-2015.
He said, “The achievement as on December 31, 2014 stood at Rs 162.16 crore out of which Rs 29.88 crore were disbursed under Agriculture sector, Rs 25.61 crore under micro and small enterprise, Rs 9.36 crore under Housing Sector, Rs 57 lacs under Education and Rs 96.74 crore under other sectors.”
Deposits of the district have risen to Rs 2260.51 crore from Rs 2000.43 crore registering the YOY growth of 13% and advances have registered YOY growth of 20 % growing to Rs 567.21 crore from Rs 474.07 crore, he added.
While reviewing the performance DDC Rajouri Deepti Uppal directed the Banks/Agencies to improve CD Ratio by lending liberally.
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